PEPE’s rising wedge pattern, rising whale accumulation and increasing rate cut bets could boost the memecoin’s price in June.
Pepe (PEPE) bounced 17.85% two days after forming a local low at around $0.00001300, as Cointelegraph anticipated earlier, and currently trading for as high as $0.00001340 on June 12.
This rebound accompanied a rise in trading volumes, indicating stronger conviction among traders, which can further fuel the upward momentum.
At least three indicators indicate a strong bullish outlook for the PEPE market, suggesting that the memecoin could experience a significant 50% price increase by June's end. Let’s explore these potential catalysts in detail.
